Hot Wheels has been known for its die-cast toys and wacky tracks for nearly five decades. You’ve probably owned one before, and chances are you still have one on your shelf right now.
Throughout the outbreak, cryptocurrencies have grown in popularity and NFTs, or non-fungible tokens, have been particularly popular. NFTs are serialized goods that exist in the digital realm and can be purchased using cryptocurrency.
Thanks to Worldwide Asset eXchange, Hot Wheels has also entered the cryptocurrency realm with its NFT Garage (WAX). After the success of the Series 1 last year, the two firms returned for a second version, which includes some modifications.
For starters, the Hot Wheels NFT Garage Series 2 currently includes 10 licensed car models in the various mini-collections. Iconic automobiles from two automakers joined the action in Hot Wheels Car Meet, Hot Wheels Flames, Nightburnerz and Rod Squad.
The 1991 GMC Syclone, 1971 Buick Riviera, 1967 Oldsmobile 442, 1955 Chevy Bel Air Gasser, and Corvette C8.R are among the GM vehicles available for purchase. The Honda S2000 and potent Honda Civic Type R, along with the 1990 Acura NSX and 2001 Acura Integra GSR Custom, reflect the Japanese side of things.
The Hot Wheels NFT Garage Series 2 allows consumers to receive a die-cast physical toy if they come across these four cars: Custom Otto, Honda S2000, Corvette C8.R, Aristo Rat and 1955 Chevy Bel Air Gasser, like the series 1 .
All four rarity types from Series 1 are still there in Series 2, with the addition of Show Room, which has a 0.14% chance of being removed. In total, Series 2 has up to 184,250 NFT cards available.
On March 31, 2022, at 1 p.m. ET, Hot Wheels NFT Garage Series 2 will be available for purchase. The cost of each pack of seven collector NFTs will be $25. Fans can purchase up to four packs with a single credit card transaction.
In 1968, American toymaker Mattel launched the Hot Wheels brand of model cars and slot car racing kits. It was Matchbox’s main competitor until Mattel bought out Matchbox’s former owner Tyco Toys in 1997.
Since then, many automakers have licensed Hot Wheels to produce scale replicas of their vehicles, allowing them to use original blueprints and design details. Although Hot Wheels were designed for children and young people, they have grown in popularity with adult collectors, who now have access to limited edition versions.